Key Highlights

  • Scout rock samples from new tenement EL14/2025 returned gold values, with one sample at 2.03 grams per tonne.
  • The tenement is south of the old Beaconsfield Gold Mine, where some gold anomalism was not entirely unexpected.
  • Historical data from the 1980s and 1990s points to two possible lode trends of 15 kilometres and 8 kilometres.
  • ABx is considering a range of Options for the gold opportunity while focusing on its rare earths project.

ABx Group Limited (ASX:ABX) has reported elevated gold values from scout rock sampling conducted for rare earths on its new tenement, EL14/2025, located south of the old Beaconsfield Gold Mine. The announcement, dated 10 November 2026, says one sample returned 2.03 grams per tonne gold and several others were gold anomalous. The company is reviewing historical data alongside the new results and is considering options for the gold opportunity.

Scout Sampling Results

The rock samples were collected as part of a rare earths exploration exercise, and gold was not the primary target. The company says some gold anomalism was not totally unexpected given the tenement's location, and the 2.03 grams per tonne figure is the highest value reported in the scout samples. Scout samples are selective and cannot be used to estimate the grade of any mineralised zone.

Historical Structures and Gold Prices

Available data from gold exploration in the 1980s and 1990s, when gold prices were below A$400 per ounce, has revealed two possible lode trends that the company considers worth exploring. One is a major line of lode from Peak Hill to Glengarry, about 15 kilometres long. The other is the 8-kilometre Careless Kelly trend. The company notes that gold has since risen to around A$5,900 per ounce, which changes the Economics of historical targets that were previously uneconomic.

Historical data from earlier decades is often incomplete in its sampling methods and quality control, and the company says it is reinterpreting that data before reaching a view. The higher gold price does not in itself make a historical target economic, since grade, width and Mining costs still need to be assessed.

Strategic Focus and Options

ABx is focused on developing its ionic clay rare earth elements project at Deep Leads and its ALCORE fluorine technology. The company says it is considering a range of options for the gold opportunity and will engage with relevant Stakeholders as part of its assessment. The announcement does not specify those options, such as joint ventures, sale or a standalone gold program.

Risks and Matters to Monitor

The gold results are from scout sampling and are not yet a basis for a drilling program or a resource. The company's competing priorities in rare earths and fluorine technology mean Capital and management attention will need to be allocated carefully. Gold prices can fall as well as rise, and the reinterpretation of historical data may not confirm the trends the company is considering.

Final Word

ABx's rare earths sampling has produced gold values on a new tenement near a historic mine, prompting a review of historical trends that were uneconomic at earlier prices. The company's next steps will be the reinterpretation of historical data and a decision on how to pursue the gold opportunity alongside its rare earth focus. Those decisions will shape whether the gold results develop into a separate program.